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Building on its standing as the world’s third-largest uranium producer, Namibia is doubling down on its uranium sector with a new wave of exploration and production (E&P) activity. The nation has positioned itself as a major player in the industry with worldwide demand for nuclear energy increasing.
This year’s African Mining Week, taking place from October 1 to 3 in Cape Town, will highlight Namibia’s increasing uranium prospects under the heading From Extraction to Beneficiation: Unlocking Africa’s Mineral Wealth. The event is expected to draw together investors and mining executives seeking to access the country’s tremendous mineral potential.
2025 is looking to be a major year, with up to 7,500 meters of drilling planned, Canadian company Snow Lake Resources started Phase 2 of its drilling campaign in February at the Engo Valley project. A first resource estimate is anticipated later in the year. Pioneer Lithium, on the other hand, has acted by buying Rodon Metals operators of the Warmbad Project and has promised more than A$1.6 million to promote exploration there.
Connected Minerals started drilling at its Swakopmund project in January following the Namibian government approval. The firm is also concentrating on the Etango North-East property, which late 2024 saw encouraging uranium mineralization verification. One of the country’s biggest players, Deep Yellow Limited, is getting ready to make a last investment decision for its sizable Tumas Expansion Project. Starting in 2026, the site is projected to increase Namibia’s output by 6 million pounds of uranium annually if allowed.
Last year set the stage for this years big moves,Paladin Energy is now aiming to produce 3.6 million pounds by mid-2025, and set a production record of 1.2 million pounds in the latter half of 2024. The year also saw a flurry of new players entering the market: Madison Metals joined forces with Star Minerals to develop the Cobra Project, while Gibb River Diamonds secured three new licenses in Namibia’s uranium-rich Erongo District.
Hertz Energy and Oar Resources also made headlines — the former applying for two prospecting licenses, and the latter securing A$1 million to kickstart greenfield projects.
African Mining Week, where investors, developers, and government officials will congregate to forge alliances and create new agreements, is likely to be mostly focused on this increase in uranium activities. The event promises to be a game-changer for countries like Namibia aiming to expand their mining sectors responsibly and sustainably with planned panel talks and private networking events.
Held alongside African Energy Week: Invest in African Energies 2025, African Mining Week is becoming a must-attend event for anyone serious about tapping into the continent’s mining future.
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